Laserfiche WebLink
1934, as amended, notify DTC and DTC Participants of the appointment of such successor <br />securities depository and transfer one or more separate Bonds to such successor securities <br />depository or (ii) notify DTC and DTC Participants of the availability through DTC of Bonds <br />and transfer one or more separate Bonds to DTC Participants having Bonds credited to their <br />DTC accounts. In such event, the Bonds shall no longer be restricted to being registered in the <br />Registration Books in the name of Cede & Co., as nominee of DTC, but may be registered in the <br />name of the successor securities depository, or its nominee, or in whatever name or names <br />registered owners transferring or exchanging Bonds shall designate, in accordance with the <br />provisions of this Ordinance. <br />(h) PamLents to Cede & Co. Notwithstanding any other provision of this Ordinance to <br />the contrary, so long as any Bond is registered in the name of Cede & Co., as nominee of DTC, <br />all payments with respect to principal of and interest on such Bond and all notices with respect to <br />such Bond shall be made and given, respectively, in the manner provided in the representation <br />letter of the City to DTC. <br />(i) Cancellation of Initial ,Bond. On the Delivery Date, one initial Bond representing the <br />entire principal amount of the Bonds, payable in stated installments to the order of the Purchaser <br />or its designee, executed by manual or facsimile signature of the Mayor and the City Clerk, <br />approved by the Attorney General, and registered and manually signed by the Comptroller, will <br />be delivered to the Purchaser or its designee. If the Bonds are sold subject to the book -entry <br />system of DTC, then upon payment for the initial Bond(s), the Paying Agent/Registrar shall <br />insert the Delivery Date on the initial Bond(s), cancel each of the initial Bond(s) and deliver to <br />DTC on behalf of the Purchaser one registered definitive Bond for each year of maturity of the <br />Bonds, in the aggregate principal amount of all of the Bonds for such maturity, registered in the <br />name of Cede & Co., as nominee of DTC. To the extent that the Paying Agent/Registrar is <br />eligible to participate in DTC's FAST System, pursuant to an agreement between the Paying <br />Agent/Registrar and DTC, the Paying Agent/Registrar shall hold the definitive Bonds in <br />safekeeping for DTC. <br />0) Conditional Notice of RedMption. With respect to any optional redemption of the <br />Bonds, unless certain prerequisites to such redemption required by this Ordinance have been met <br />and moneys sufficient to pay the principal of and premium, if any, and interest on the Bonds to <br />be redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such <br />notice of redemption, such notice may state that said redemption may, at the option of the City, <br />be conditional upon the satisfaction of such prerequisites and receipt of such moneys by the <br />Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon any <br />prerequisite set forth in such notice of redemption. If a conditional notice of redemption is given <br />and such prerequisites to the redemption and sufficient moneys are not received, such notice <br />shall be of no force and effect, the City shall not redeem such Bonds and the Paying <br />Agent/Registrar shall give notice, in the manner in which the notice of redemption was given, to <br />the effect that the Bonds have not been redeemed. <br />